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Valmont Industries (NYSE:VMI) Stock, Chaîne d'Options

Valmont Industries

Valmont Industries Inc is an investment holding company. It operates through two segments namely Infrastructure and Agriculture. The company generates maximum revenue from the Infrastructure segment. The infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, renewable energy, lighting, transportation, and telecommunications, and coatings services to preserve metal products. Geographically, it derives a majority of its revenue from North America.

Valmont Industries Inc

Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.
Analysts estimate that Valmont Industries will report an earnings per share (EPS) of $4.00. 
Anticipation surrounds Valmont Industries's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Overview of Past Earnings</h3>
Last quarter the company beat EPS by $0.68, which was followed by a 10.61% increase in the share price the next day.
Here's a look at Valmont Industries's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>4.08</td>
<td>3.25</td>
<td>3.04</td>
<td>3.72</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.76</td>
<td>4.32</td>
<td>3.18</td>
<td>4.12</td>
</tr>
<tr>
<td>Price Change %</td>
<td>11.0%</td>
<td>18.0%</td>
<td>-3.0%</td>
<td>-14.000000000000002%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729522876_0.png" alt="eps graph" />
<h3>Performance of Valmont Industries Shares</h3>
Shares of Valmont Industries were trading at $305.22 as of October 18. Over the last 52-week period, shares are up 31.41%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analyst Views on Valmont Industries</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Valmont Industries.
Analysts have provided Valmont Industries with 1 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $340.0, suggesting a potential 11.4% upside.
<h3>Comparing Ratings with Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of MDU Resources Gr, Dycom Industries and WillScot Holdings, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>MDU Resources Gr is maintaining an Neutral status according to analysts, with an average 1-year price target of $31.0, indicating a potential 89.84% downside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for Dycom Industries, with an average 1-year price target of $209.75, implying a potential 31.28% downside.</li>
<li>WillScot Holdings received a Buy consensus from analysts, with an average 1-year price target of $47.83, implying a potential 84.33% downside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary outlines pivotal metrics for MDU Resources Gr, Dycom Industries and WillScot Holdings, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Valmont Industries</td>
<td>Buy</td>
<td>-0.63%</td>
<td>$320.28M</td>
<td>6.92%</td>
</tr>
<tr>
<td>MDU Resources Gr</td>
<td>Neutral</td>
<td>-3.99%</td>
<td>$190.25M</td>
<td>2.02%</td>
</tr>
<tr>
<td>Dycom Industries</td>
<td>Buy</td>
<td>15.51%</td>
<td>$250.18M</td>
<td>6.11%</td>
</tr>
<tr>
<td>WillScot Holdings</td>
<td>Buy</td>
<td>3.87%</td>
<td>$327.12M</td>
<td>-3.72%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Valmont Industries ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth and below average for Consensus rating.
<h3>Discovering Valmont Industries: A Closer Look</h3>
Valmont Industries Inc is an investment holding company. It operates through two segments namely Infrastructure and Agriculture. The company generates maximum revenue from the Infrastructure segment. The infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, renewable energy, lighting, transportation, and telecommunications, and coatings services to preserve metal products. Geographically, it derives a majority of its revenue from North America.
<h3>Financial Milestones: Valmont Industries's Journey</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Valmont Industries's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -0.63%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Valmont Industries's net margin excels beyond industry benchmarks, reaching 9.59%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Valmont Industries's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.92%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Valmont Industries's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.88% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.8.
<a href="https://www.benzinga.com/quote/VMI/earnings">To track all earnings releases for Valmont Industries visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

A Glimpse of Valmont Industries's Earnings Potential

Valmont&#xAE; Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that Thomas Liguori will join the Company as Executive Vice President and Chief Financial Officer, effective immediately. Mr. Liguori will lead the global finance and accounting organization, reporting to Avner M. Applbaum, President and Chief Executive Officer.

News

Management

Valmont Appoints Thomas Liguori As Chief Financial Officer, Effective Immediately

On August 15, a recent SEC filing unveiled that Thomas Mitchell Parnell, EVP at Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) made an insider sell.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000102729/000090044024000074//Archives/edgar/data/102729/000090044024000074/0000900440-24-000074-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Parnell sold 1,800 shares of Valmont Industries. The total transaction amounted to $505,746. 
As of Friday morning, Valmont Industries shares are down by 0.0%, currently priced at $283.62.
<h3>Discovering Valmont Industries: A Closer Look</h3>
Valmont Industries Inc is an investment holding company. It operates through two segments namely Infrastructure and Agriculture. The company generates maximum revenue from the Infrastructure segment. The infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, renewable energy, lighting, transportation, and telecommunications, and coatings services to preserve metal products. Geographically, it derives a majority of its revenue from North America.
<h3>A Deep Dive into Valmont Industries's Financials</h3>
Revenue Growth: Valmont Industries's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -0.63%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: Achieving a high gross margin of 30.8%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Valmont Industries's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 4.94.
</li>
</ul>
Debt Management: Valmont Industries's debt-to-equity ratio surpasses industry norms, standing at 0.8. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Valmont Industries's P/E ratio of 33.97 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 1.43 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 16.08 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Understanding the Significance of Insider Transactions</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000102729">Check Out The Full List Of Valmont Industries's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Massive Insider Trade At Valmont Industries

DA Davidson analyst Brent Thielman maintains Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) with a Buy and raises the price target from $300 to $340.

Price Target

Analyst Ratings

DA Davidson Maintains Buy on Valmont Industries, Raises Price Target to $340

Shares of Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) fell sharply during Thursday's session after the company reported worse-than-expected second-quarter sales results and issued third-quarter guidance below estimates. Also, the company acquired <a href="https://www.benzinga.com/quote/EW/earnings">JenaValve and Endotronix</a>.
Edwards Lifesciences reported quarterly earnings of 70 cents per share which beat the analyst consensus estimate of 69 cents per share. The company reported quarterly sales of $1.632 billion which missed the analyst consensus estimate of $1.653 billion.
Edwards Lifesciences shares dipped 26.9% to $63.60 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) shares jumped 85% to $1.96 after the company entered biomarker discovery market after successful retrospective ovarian cancer study yields compelling results.</li>
<li>Psyence Biomedical Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBM#NASDAQ">PBM</a>) rose 65.4% to $0.6424 after the company announced the export of nature-derived psilocybin to Australia and said a trial is projected to be initiated shortly following receipt of drug product by trial sites.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) jumped 60% to $3.4421.</li>
<li>Goosehead Insurance, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) rose 29.8% to $85.25 following upbeat second-quarter results.</li>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) shares gained 28.2% to $64.64 after the company reported better-than-expected second-quarter EPS results.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) rose 27% to $0.5090.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) gained 25.4% to $0.2645 after gaining around 8% on Wednesday.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) rose 25.2% to $16.72. The company announced the successful completion of its first five commercial satellites.</li>
<li>Bally&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALY#NYSE">BALY</a>) gained 24.2% to $16.80. Bally&#8217;s entered into merger agreement with affiliates of Standard General L.P.</li>
<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) climbed 18.3% to $341.39 following better-than-expected quarterly earnings.</li>
<li>The Shyft Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>) gained 16.4% to $13.55 following upbeat earnings.</li>
<li>Carpenter Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) climbed 16.3% to $141.59 after the company reported better-than-expected quarterly financial results.</li>
<li>Indivior PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDV#NASDAQ">INDV</a>) rose 15.4% to $12.56 after the company posted better-than-expected second-quarter results and announced an accelerated $100 million share repurchase program.</li>
<li>Tivic Health Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) shares climbed 15.4% to $0.3499.</li>
<li>RPC, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) gained 15.1% to $6.64 following upbeat earnings.</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) jumped 13.7% to $831.97 after the company reported better-than-expected second-quarter financial results.</li>
<li>Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) rose 13.1% to $69.09 after the company reported better-than-expected second-quarter financial results.</li>
<li>Helmerich &amp; Payne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) climbed 12.5% to $42.46 following third-quarter results.</li>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) gained 12.2% to $2.75 after dipping 43% on Wednesday. BloomZ recently priced its IPO at $4.30 per share.</li>
<li>Valmont Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) gained 11.1% to $300.96 following upbeat earnings.</li>
<li>Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) rose 10.5% to $128.36 following upbeat earnings.</li>
<li>Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) rose 10.1% to $53.92 following second-quarter results.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) gained 9.6% to $565.64 after the company reported better-than-expected second-quarter adjusted EPS and sales.</li>
<li>Mr. Cooper Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NYSE">COOP</a>) rose 9.5% to $94.86 following second-quarter results.</li>
<li>Oceaneering International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OII#NYSE">OII</a>) gained 9.2% to $27.79 following strong sales.</li>
<li>RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) surged 8% to $113.24 following a second-quarter earnings beat.</li>
<li>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) gained 6.1% to $173.75.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>2U, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) shares dipped 60% to $1.65. 2U announced a strategic agreement with debtholders to eliminate half of debt and infuse $110 million in new capital.</li>
<li>EZFill Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZFL#NASDAQ">EZFL</a>) tumbled 40.3% to $3.73.</li>
<li>Kindly MD, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>) fell 37.5% to $2.04 after the company submitted comment to the Department of Justice regarding cannabis rescheduling.</li>
<li>Cheetah Net Supply Chain Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) dipped 34% to $0.3185. Cheetah Net Supply Chain Service announced pricing of $1.49 million follow-on public offering.</li>
<li>MaxLinear, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NYSE">MXL</a>) shares fell 30.7% to $15.45 after the company reported worse-than-expected second-quarter financial results.</li>
<li>Sol-Gel Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLGL#NASDAQ">SLGL</a>) dipped 30% to $0.4750. Sol-Gel announced the signing of six exclusive license agreements to commercialize TWYNEO&#xAE; and EPSOLAY&#xAE; in Europe and South Africa.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) fell 29.7% to $9.49 after declining 10% on Wednesday.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) fell 27% to $0.1159.</li>
<li>Orion Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) declined 21.9% to $8.62 after the company reported worse-than-expected second-quarter financial results.</li>
<li>Ostin Technology Group Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares declined 20.3% to $0.35 after gaining around 19% on Wednesday.</li>
<li>Ribbon Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) tumbled 19.2% to $3.1450 after the company reported worse-than-expected quarterly revenue.</li>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares fell 16.6% to $11.40 following a second-quarter earnings miss.</li>
<li>Hoth Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOTH#NASDAQ">HOTH</a>) fell 15.1% to $0.9103. Hoth Therapeutics shares gained around 11% on Wednesday after the company signed an agreement with LTS Therapy Systems to develop and manufacture the HT-ALZ oral film prototype for Alzheimer&#8217;s disease.</li>
<li>Garrett Motion Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTX#NASDAQ">GTX</a>) declined 13.8% to $7.86 after the company reported worse-than-expected quarterly financial results and lowered its FY24 guidance.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) shares fell 13.4% to $0.0396 after jumping over 75% on Wednesday.</li>
<li>Kaiser Aluminum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) declined 13.3% to $79.76 after the company reported worse-than-expected quarterly financial results.</li>
<li>Hut 8 Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NYSE">HUT</a>) declined 12.8% to $15.71.</li>
<li>LKQ Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) fell 12.1% to $39.10 after the company reported worse-than-expected quarterly adjusted EPS and sales. Additionally, the company lowered its FY24 adjusted EPS outlook.</li>
<li>STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) shares fell 12% to $34.81 after the company reported a second-quarter EPS miss and issued soft third-quarter guidance.</li>
<li>Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) dipped 9.7% to $129.30 following soft third-quarter guidance.</li>
<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) fell 9.5% to $292.91 after the company reported a quarterly earnings miss and cut its guidance.</li>
<li>FormFactor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) fell 8.2% to $52.26.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) tumbled 8.2% to $249.52 after Citigroup downgraded the stock from a Buy to a Neutral and lowered its price target from $415 to $300.</li>
<li>Robert Half Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) declined 7% to $60.32 after the company reported worse-than-expected second-quarter financial results.</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) fell 6.8% to $18.27 following H1 results.</li>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) shares fell 6.2% to $7.01 after the company reported worse-than-expected EPS results.</li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) declined 4.1% to $204.82 after the company lowered FY24 EPS guidance.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39961297/this-lululemon-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-thursday">This Lululemon Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday</a></li>
</ul>

Intraday Update

Markets

Movers

ASTS

ATPC

BALY

BLMZ

CERO

COOP

CTNT

EZFL

FORM

GSHD

HOTH

INDV

JBHT

KALU

KDLY

LULU

PEGA

PLXS

POAI

RBBN

SHYF

SLGL

SLNA

SLRX

STLA

TIVC

TWOU

VKTX

XCUR

Why Edwards Lifesciences Shares Are Trading Lower? Here Are Other Stocks Moving In Thursday's Mid-Day Session

U.S. stocks were higher, with the Dow Jones index gaining more than 1% on Thursday.
Shares of International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) rose during Thursday's session following strong <a href="https://www.benzinga.com/news/24/07/39961144/why-ibm-stock-is-trading-higher-on-thursday">quarterly earnings</a>.
IBM reported quarterly earnings of $2.43 per share, which beat the analyst consensus estimate of $2.19. Quarterly sales clocked in at $15.8 billion, which beat the analyst consensus estimate of $15.616 billion.
IBM shares gained 6.4% to $195.75 on Thursday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) shares surged 28.2% to $64.64 after the company reported better-than-expected second-quarter EPS results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) jumped 25.2% to $16.72. The company announced the successful completion of its first five commercial satellites.</li>
<li>Bally&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALY#NYSE">BALY</a>) shares rose 24.2% to $16.80. Bally&#8217;s entered into merger agreement with affiliates of Standard General L.P.</li>
<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) gained 18.3% to $341.39 following better-than-expected quarterly earnings.</li>
<li>Carpenter Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) jumped 16.3% to $141.59 after the company reported better-than-expected quarterly financial results.</li>
<li>RPC, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) rose 15.1% to $6.64 following upbeat earnings.</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) rose 13.7% to $831.97 after the company reported better-than-expected second-quarter financial results.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) jumped 13.6% to $19.05.</li>
<li>Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) gained 13.1% to $69.09 after the company reported better-than-expected second-quarter financial results.</li>
<li>Helmerich &amp; Payne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) gained 12.5% to $42.46 following third-quarter results.</li>
<li>CBRE Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) surged 11.7% to $109.87 after the company raised its 2024 guidance.</li>
<li>Valmont Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) climbed 11.1% to $300.96 following upbeat earnings.</li>
<li>Lazard, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) rose 11% to $48.08 following better-than-expected quarterly earnings.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) rose 10.7% to $571.01 after the company reported better-than-expected quarterly adjusted EPS and sales.</li>
<li>Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) gained 10.5% to $128.36 following upbeat earnings.</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) surged 10.2% to $5.80.</li>
<li>Beam Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>) rose 10.1% to $32.81.</li>
<li>Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) gained 10.1% to $53.92 following second-quarter results.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) shares climbed 9.6% to $565.64 after the company reported better-than-expected second-quarter adjusted EPS and sales.</li>
<li>Mr. Cooper Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NYSE">COOP</a>) gained 9.5% to $94.86 following second-quarter results.</li>
<li>RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) climbed 9.2% to $121.14 after the company reported better-than-expected quarterly earnings.</li>
<li>Oceaneering International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OII#NYSE">OII</a>) rose 9.2% to $27.79 following strong sales.</li>
<li>Masco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>) gained 8.1% to $76.27 after the company reported better-than-expected second-quarter earnings.</li>
<li>Universal Health Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) rose 8.1% to $201.00 after the company reported better-than-expected second-quarter earnings and increased FY 2024 guidance.</li>
<li>RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) climbed 8% to $113.24 following a second-quarter earnings beat.</li>
<li>Morningstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) rose 7.8% to $328.71. The company reported second-quarter financial results yesterday.</li>
<li>Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) gained 7.4% to $67.36 after the company reported better-than-expected second-quarter financial results.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) rose 7.4% to $262.60.</li>
<li>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares rose 6.1% to $173.75.</li>
<li>Unilever PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) gained 5.9% to $59.90 following HI results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39961795/apple-to-rally-around-10-here-are-10-top-analyst-forecasts-for-thursday">Apple To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Thursday</a></li>
</ul>

BEAM

CBRE

MORN

NDAQ

VSAT

IBM Posts Upbeat Earnings, Joins ServiceNow, Helmerich & Payne, RTX, Nasdaq And Other Big Stocks Moving Higher On Thursday

WIIM

Valmont Industries shares are trading higher after the company reported better-than-expected Q2 earnings results.

Guidance

Valmont Sees Q2 2024 EPS $16.50-$17.30 Vs $17 Estimate

Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) reported quarterly earnings of $4.91 per share which beat the analyst consensus estimate of $4.05 by 21.23 percent. The company reported quarterly sales of $1.00 billion which missed the analyst consensus estimate of $1.04 billion by 3.88 percent. This is a 4.40 percent decrease over sales of $1.05 billion the same period last year.

Earnings Beats

Earnings Misses

Valmont Industries Q2 2024 Adj EPS $4.91 Beats $4.05 Estimate, Sales $1.00B Miss $1.04B Estimate

Stifel analyst Nathan Jones maintains Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) with a Buy and raises the price target from $285 to $325.

Stifel Maintains Buy on Valmont Industries, Raises Price Target to $325

Cintas Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>) is well poised for growth, courtesy of strength across its business, strategic acquisitions and focus on improving the product line and operational excellence.
The company remains committed to investing in growth opportunities and solidifying its long-term market position.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8b/69466.jpg?v=932206669" /> 
Image Source: Zacks Investment Research
It has a market capitalization of $72.1 billion. Over the past year, it has soared 46.5% compared with the industry&#39;s growth of 42.8%. CTAS currently carries a Zacks Rank #2 (Buy). 
Let&#39;s delve into the factors that have been aiding the firm for a while now. 
Business Strength: CTAS has been benefiting from strength in its Uniform Rental and Facility Services segment, driven by penetration of additional products and services into existing customers. The segment&#39;s revenues rose 9.4% year over year in the fiscal third quarter (ended February 2024). 
Strong demand for its products and services, pricing actions and solid customer retention have been boosting the First Aid and Safety Services segment&#39;s performance. Revenues from the segment climbed 13.4% year over year in the fiscal third quarter. 
Given the strength across its businesses, management expects revenues in the range of $9.57-$9.60 billion in fiscal 2024, indicating growth of 8.7% at the mid-point from the year-ago levels. 
Acquisition Benefits: Cintas remains focused on acquiring businesses to gain access to new customers and product lines. The company acquired Paris Uniform Services, a family-owned supplier of uniform and facility service solutions, in March 2024. The buyout is expected to enhance its presence in Pennsylvania, New York, Maryland and West Virginia. Also, the buyout of SITEX in February 2024 is likely to strengthen its market position in the central Midwest region. In the fiscal third quarter, acquisitions boosted revenue growth by 0.5%. 
Business Initiatives: The company&#39;s focus on enhancement of its product portfolio, along with investments in technology and existing facilities, should continue to drive its performance. Also, Cintas&#39; focus on operational executions and pricing actions is helping it to maintain a healthy margin. For instance, in the fiscal third quarter, its gross margin increased 220 basis points year over year to 49.4%. 
Shareholder-Friendly Policies: Cintas remains committed to rewarding its shareholders through dividend payouts and share buybacks. In the first nine months of fiscal 2024, it paid dividends of $393.3 million and repurchased shares worth $468.1 million. Also, the company hiked its quarterly dividend by 17.4% to $1.35 per share in July 2023.
<h3>3 Other Promising Stocks</h3>
We have highlighted three other top-ranked stocks from the Zacks Industrial Products sector, namely AZZ Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azz#NYSE">AZZ</a>), Valmont Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmi#NYSE">VMI</a>) and Mueller Water Products (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>). While VMI sports a Zacks #1 Rank (Strong Buy), AZZ and MWA carry a Zacks Rank of 2 each. 
AZZ delivered a trailing four-quarter average earnings surprise of 36%. In the past 60 days, the Zacks Consensus Estimate for AZZ&#39;s 2024 earnings has increased 5.3%. 
Valmont Industries has a trailing four-quarter average earnings surprise of 13%. The consensus estimate for VMI&#39;s 2024 earnings has risen 7% in the past 60 days. 
Mueller Water Products delivered a trailing four-quarter average earnings surprise of 51.8%. In the past 60 days, the consensus estimate for MWA&#39;s 2024 earnings has improved by 14.5%.
<a href="https://www.zacks.com/stock/news/2292704/here-s-why-you-should-add-cintas-ctas-stock-to-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2292704">To read this article on Zacks.com click here.</a>

CTAS

Here's Why You Should Add Cintas Stock to Your Portfolio

MRC Global Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrc#NYSE">MRC</a>) recently announced that its subsidiary, MRC Global (US) Inc., has secured a contract from ExxonMobil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>). Per the deal, MRC Global to serve as the primary supplier of pipe, valves and fitting (PVF) products and services to ExxonMobil in North America. 
MRC Global&#39;s shares declined 2.1% yesterday, ending the trading session at $12.46. 
Based in Spring, TX, ExxonMobil is a leading explorer and producer of crude oil and natural gas in the United States and globally. The company operates its businesses under the four segments, which are Upstream, Energy Products, Chemical Products and Specialty Products.
<h3>Inside the Headlines</h3>
Per the deal, MRC will provide PVF products and related services across all of XOM&#39;s upstream and downstream facilities in North America. As noted, this will support ExxonMobil&#39;s global projects and maintenance, repair and operations. 
The deal will also enable XOM to streamline and boost its PVF supply chain in North America and leverage its scale across its booming business in the region.
<h3>Zacks Rank &amp; Price Performance</h3>
MRC Global, with a $1.1 billion market capitalization, currently carries a Zacks Rank #3 (Hold). The company is likely to benefit from strength in the DIET (Downstream, Industrial and Energy Transition) sector, driven by an increase in energy transition activities in the United States. Also, an increase in refining, chemical and mining customer projects bode well.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d6/68875.jpg?v=297257681" /> 
Image Source: Zacks Investment Research
The company&#39;s shares have gained 2.4% against the industry&#39;s 9.6% decline in the past three months. 
The Zacks Consensus Estimate for MRC&#39;s 2024 earnings per share is pegged at 95 cents, down 5% over the past 60 days. It has a trailing four-quarter average earnings surprise of 40.1%.
<h3>Key Picks</h3>
A couple of better-ranked companies from the same space are discussed below. 
Valmont Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmi#NYSE">VMI</a>) presently sports a Zacks Rank of 1 (Strong Buy). 
It has a trailing four-quarter average earnings surprise of 13%. The consensus estimate for VMI&#39;s 2024 earnings has improved 6.9% in the past 60 days. 
Mueller Water Products (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>) presently carries a Zacks Rank of 2 (Buy). MWA delivered a trailing four-quarter earnings surprise of 51.8%, on average. 
The Zacks Consensus Estimate for MWA&#39;s fiscal 2024 (ending September 2024) earnings has risen 14.5% in the past 60 days.
<a href="https://www.zacks.com/stock/news/2288518/mrc-global-mrc-gets-pvf-deal-from-exxonmobil-in-north-america?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2288518">To read this article on Zacks.com click here.</a>

Small Cap

MRC Global Gets PVF Deal From ExxonMobil in North America

<h3>Gainers</h3>
<ul>
<li>Enovix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) shares increased by 35.3% to $8.81 during Thursday's regular session. The market value of their outstanding shares is at $1.4 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) stock moved upwards by 23.26% to $116.79. The company's market cap stands at $4.1 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Pitney Bowes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) shares increased by 23.15% to $5.18. The market value of their outstanding shares is at $921.2 million. As per the press release, Q1 earnings came out today. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock increased by 18.43% to $0.21. The market value of their outstanding shares is at $7.8 million. </li>
<li>Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) shares increased by 16.97% to $242.95. The company's market cap stands at $4.9 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Howmet Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) stock increased by 15.36% to $77.04. The company's market cap stands at $31.4 billion. As per the news, the Q1 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) shares decreased by 41.4% to $10.83 during Thursday's regular session. The market value of their outstanding shares is at $1.4 billion. As per the press release, Q2 earnings came out today. </li>
<li>Driven Brands Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRVN#NASDAQ">DRVN</a>) stock fell 25.99% to $10.85. The market value of their outstanding shares is at $1.7 billion. As per the press release, Q1 earnings came out today. </li>
<li>Energy Recovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERII#NASDAQ">ERII</a>) shares decreased by 13.49% to $12.68. The market value of their outstanding shares is at $726.6 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) stock decreased by 13.15% to $1.52. The company's market cap stands at $17.4 million. </li>
<li>Enviri (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVRI#NYSE">NVRI</a>) stock declined by 13.04% to $7.07. The market value of their outstanding shares is at $564.4 million. As per the press release, Q1 earnings came out today. </li>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) stock declined by 12.82% to $162.37. The market value of their outstanding shares is at $9.4 billion. As per the news, the Q1 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BURU

DRVN

ENVX

ERII

IPDN

NVRI

PAYC

VSTS

12 Industrials Stocks Moving In Thursday's Intraday Session

Valmont Industries shares are trading higher after the company reported better-than-expected Q1 EPS results and raised its FY24 EPS guidance above estimates.

U.S. stocks were higher, with the Dow Jones index gaining over 50 points on Thursday.
Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) rose sharply during Thursday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/CHRW/earnings">first-quarter financial results</a>.
C.H. Robinson Worldwide posted adjusted earnings of 86 cents per share, beating market estimates of 82 cents per share. The company's quarterly sales came in at $4.412 billion versus expectations of $4.269 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
C.H. Robinson Worldwide shares jumped 16.8% to $84.24 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Aspen Aerogels, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) jumped 37.5% to $20.92 after the company reported better-than-expected first-quarter financial results.</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) rose 35.8% to $118.19 after the company announced upbeat quarterly results.</li>
<li>Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) surged 27.1% to $8.27 after the company reported mixed first-quarter financial results.</li>
<li>Gannett Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCI#NYSE">GCI</a>) rose 22.3% to $2.9519 following strong quarterly results.</li>
<li>Perdoceo Education Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRDO#NASDAQ">PRDO</a>) jumped 19.4% to $21.89 following upbeat results.</li>
<li>Pulmonx Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNG#NASDAQ">LUNG</a>) rose 19.2% to $9.20 after the company reported better-than-expected first-quarter financial results.</li>
<li>Benchmark Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) surged 18.3% to $35.82 following better-than-expected quarterly results.</li>
<li>Pitney Bowes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) rose 18% to $4.97 following strong quarterly results.</li>
<li>Rush Street Interactive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>) shares gained 17.4% to $7.53 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) rose 15.7% to $109.62 after the company reported mixed first-quarter financial results.</li>
<li>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) climbed 15.2% to $76.93 after the company reported better-than-expected first-quarter financial results.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) rose 15% to $4.0399 after the company reported better-than-expected first-quarter adjusted EPS results.</li>
<li>Valmont Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) rose 14.4% to $237.65 after the company posted upbeat quarterly earnings and raised FY24 EPS guidance.</li>
<li>Blueprint Medicines Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) gained 13.7% to $107.81 after the company reported better-than-expected first-quarter results and raised FY24 revenue guidance.</li>
<li>Lantheus Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNTH#NASDAQ">LNTH</a>) surged 12.8% to $76.09 after the company reported better-than-expected first-quarter results and raised its FY24 adjusted EPS outlook.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) climbed 12% to $72.08 after the company reported better-than-expected first-quarter EPS and sales.</li>
<li>Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) gained 11.7% to $56.53 after the company reported better-than-expected first-quarter financial results.</li>
<li>Tronox Holdings plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TROX#NYSE">TROX</a>) rose 10.8% to $18.94 following strong sales.</li>
<li>Kontoor Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KTB#NYSE">KTB</a>) gained 9.9% to $68.29 following better-than-expected quarterly results.</li>
<li>QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) climbed 8.5% to $178.02 after the company reported better-than-expected second-quarter financial results, raised its dividend and issued third-quarter guidance.</li>
<li>Belden Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) gained 8.2% to $87.95 after the company reported mixed first-quarter earnings and announced the acquisition of Precision Optical Technologies.</li>
<li>Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) rose 8.1% to $61.60 following upbeat earnings.</li>
<li>Glaukos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>) gained 7.7% to $106.55 following strong sales.</li>
<li>Sealed Air Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) surged 7.7% to $34.60 after the company reported better-than-expected quarterly financial results.</li>
<li>BorgWarner Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) gained 7.7% to $35.39 following upbeat earnings.</li>
<li>Itron, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) rose 7.4% to $98.39 following upbeat earnings.</li>
<li>IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) gained 6.8% to $51.11 after it was announced the stock will join the S&amp;P SmallCap 600.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares jumped 6.5% to $118.75 following first-quarter results.</li>
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Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38584879/apple-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Apple Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

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C.H. Robinson Worldwide Posts Upbeat Results, Joins Avis Budget Group, Qualcomm, BorgWarner, Moderna And Other Big Stocks Moving Higher On Thursday

Valmont Industries Raises FY24 EPS Guidance From $14.25-$15.50 To $15.40-$16.40 vs $14.76 Est.

Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) reported quarterly earnings of $4.32 per share which beat the analyst consensus estimate of $3.25 by 32.92 percent. This is a 24.5 percent increase over earnings of $3.47 per share from the same period last year. The company reported quarterly sales of $977.828 million which missed the analyst consensus estimate of $986.982 million by 0.93 percent. This is a 7.93 percent decrease over sales of $1.062 billion the same period last year.

Valmont Industries Q1 2024 GAAP EPS $4.32 Beats $3.25 Estimate, Sales $977.828M Miss $986.982M Estimate

Stifel analyst Nathan Jones reiterates Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) with a Buy and maintains $249 price target.

Reiteration

Stifel Reiterates Buy on Valmont Industries, Maintains $249 Price Target

DA Davidson has decided to maintain its Buy rating of Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) and lower its price target from $290.00 to $275.00.
Shares of Valmont Industries are trading up 0.0% over the last 24 hours, at $214.75 per share.
A move to $275.00 would account for a 28.06% increase from the current share price.
<h3>About Valmont Industries</h3>
Valmont Industries Inc is an investment holding company. It operates through two segments namely Infrastructure and Agriculture. The company generates maximum revenue from Infrastructure segment. Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, renewable energy, lighting, transportation, and telecommunications, and coatings services to preserve medal products. Geographically, it derives a majority of its revenue from North America.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DA Davidson Maintains Buy Rating for Valmont Industries: Here's What You Need To Know

DA Davidson analyst Brent Thielman maintains Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) with a Buy and lowers the price target from $290 to $275.

DA Davidson Maintains Buy on Valmont Industries, Lowers Price Target to $275

Valmont declares $0.60 dividend

Valmont Industries: Medium To Long-Term Prospects Are Compelling

In a report released today, Brent Thielman from D.A. Davidson maintained a Buy rating on Valmont (VMI – Research Report), with a price target of $3...

Valmont (VMI) Gets a Buy from D.A. Davidson

Valmont appoints Thomas Liguori as CFO

Valmont (VMI) has provided an update. Valmont Industries has appointed Thomas Liguori as its new Executive Vice President and Chief Financial Offic...

Valmont Announces Thomas Liguori as New CFO

The materials sector is flourishing with technological advancements, stable demand, and rising prices. Amid robust industry growth, quality materials stocks ESAB (ESAB), Gibraltar Industries (ROCK), and Valmont Industries (VMI) could be ideal buys as they are ready to surge amid the commodity boom. Read more... With the growing infrastructure investments, rising commercial projects, and changing consumer preferences, the materials market is expected to experience rapid growth in the upcoming years. Also, commodity prices are projected to remain above <a href="https://blogs.worldbank.org/en/developmenttalk/the-commodity-markets-outlook-in-eight-charts">pre-pandemic levels this year and the next</a>.
Given this backdrop, it could be wise to invest in fundamentally strong materials stocks ESAB Corporation (<a href="https://stocknews.com/stock/ESAB/">ESAB</a>), Gibraltar Industries, Inc. (<a href="https://stocknews.com/stock/ROCK/">ROCK</a>), and Valmont Industries, Inc. (<a href="https://stocknews.com/stock/VMI/">VMI</a>), poised to surge amid the commodity boom.
Driven by infrastructure investments, increasing initiatives, supply chain resilience, and geopolitical factors, the metal market is expected to expand at a <a href="https://www.giiresearch.com/report/tbrc1435449-metal-global-market-report.html#:~:text=The%20metal%20market%20size%20has,(CAGR)%20of%205.6%25.">CAGR of 4.7%</a>, resulting in a market value of $5.27 trillion by 2028. Trends like technological advancements in metal recycling, green technologies, and growing digital marketplaces will lead the market demand.
The <a href="https://www.barrons.com/market-data/indexes/djusim?countrycode=xx">Dow Jones U.S. industrial metals index</a> closed the last session at $521.42. It grew above 17% in the last 12 months.
Further, property ownership has increased in the last few years, boosting the market growth prospects of the construction materials market. The <a href="https://www.fortunebusinessinsights.com/construction-materials-market-107415">global construction materials market</a> is expected to grow to $1.87 trillion by 2032, at a CAGR of 3.9%.
The market is prospering with rising commercial projects, infrastructure investments, and intense competition for clean highways and public infrastructure.
Considering these encouraging economic trends, let's delve deeper into the fundamentals of top <a href="https://stocknews.com/category/industrial-metals/">Industrial - Metals</a> stocks.
Stock #3: ESAB Corporation (<a href="https://stocknews.com/stock/ESAB/">ESAB</a>)
ESAB is engaged in the fabrication and gas control technology. The company provides advanced equipment, consumables, gas control equipment, robotics, and digital solutions, which are used in cutting, joining, and automated welding.
On June 4, ESAB announced a distribution agreement with INFRA Group, a leading Mexican provider of industrial and medical gases. The collaboration is aimed at expanding the availability of ESAB's differentiated solutions by offering its welding and gas control equipment to customers in Mexico.
On May 30, ESAB entered into an agreement to acquire Linde Industries Private Limited, a market leader in welding consumables and equipment in Bangladesh. The strategic acquisition will potentially strengthen ESAB's ability to serve its end markets and customers in the region.
During the second quarter of 2024, which ended on June 28, 2024, ESAB reported net sales of $707.05 million, and its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> increased 2.4% year-over-year to $270.32 million. Its operating income rose 9.9% from the year-ago value to $119.35 million.
Furthermore, the company's adjusted net income from continuing operations came in at $86.60 million and $1.41 per share, up 10.9% and 10.2% from the prior year's quarter, respectively.
Street expects ESAB's revenue for the first quarter (ending March 2025) to increase 2.2% year-over-year to $670.47 million. Its EPS for the same quarter is expected to grow 6.4% year-over-year to $1.28. Also, the company has topped the consensus EPS estimates in each of the four trailing quarters, which is impressive.
Shares of ESAB have surged 48.4% over the past year to close the last trading session at $105.19.
ESAB's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
ESAB has a B grade for Stability and Sentiment. It is ranked #7 out of 28 stocks in the <a href="https://stocknews.com/category/industrial-metals/">Industrial - Metals</a> industry.
In addition to the POWR Ratings we've stated above, we also have ESAB's ratings for Momentum, Value, Quality, and Growth. Get all ESAB ratings <a href="https://stocknews.com/stock/ESAB/">here</a>.
Stock #2: Gibraltar Industries, Inc. (<a href="https://stocknews.com/stock/ROCK/">ROCK</a>)
ROCK manufactures and offers products and services for the renewable energy, residential, agtech, and infrastructure markets internationally. It operates in four segments: Renewables; Residential; Agtech; and Infrastructure. It designs, engineers, manufactures, and installs solar racking and electrical balance systems for commercial and distributed generation-scale solar installations.
In terms of forward Price/Sales, ROCK is trading at 1.50x, lower than the industry average of 1.49x. Similarly, the stock's forward EV/Sales multiple of 1.39 is 26.2% lower than the 1.89 industry average. Further, its forward EV/EBITDA of 8.93x is 24.1% lower than the industry average of 11.76x.
For the second quarter that ended June 30, 2024, ROCK posted net sales of $353 million, of which its sales from the renewables segment grew 2.5% from the year-ago value to $79.40 million. The company's adjusted net income and EPS of $36.40 million and $1.18 indicate growth of 2.8% and 2.6% from the prior year's quarter, respectively.
As per the company's updated fiscal year 2024 outlook. ROCK now expects consolidated net sales between $1.38 billion and $1.42 billion. Also, it expects its adjusted EPS to range from $4.57 to $4.82.
Street expects ROCK's revenue and EPS for the third quarter (ending September 2024) to increase 1.2% and 6% year-over-year to $395.47 million and $1.46, respectively. Furthermore, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
ROCK's stock has gained 1% over the past year to close the last trading session at $68.41.
ROCK's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has an A grade for Momentum. It also has a B grade for Sentiment and Quality. ROCK is ranked #4 among 28 stocks in the same industry.
<a href="https://stocknews.com/stock/ROCK/">Click here</a> to access ROCK's ratings for Stability, Growth, and Value.
Stock #1: Valmont Industries, Inc. (<a href="https://stocknews.com/stock/VMI/">VMI</a>)
VMI operates as a manufacturer of products and services for infrastructure and agriculture markets internationally. The company operates through two segments: Infrastructure and Agriculture. It manufactures and distributes steel, pre-stressed concrete, and composite structures for electrical transmission, substation, and distribution applications.
On July 29, VMI's Board of Directors declared a quarterly dividend of $0.60 per share, payable on October 15, 2024, to shareholders of record on September 27, 2024.
VMI pays an annual dividend of $2.40, which translates to a yield of 0.84% at the current share price. Its four-year average dividend yield is 0.87%. Moreover, the company's dividend payouts have increased at a CAGR of 9.9% over the past five years. VMI has raised its dividends for four consecutive years.
VMI reported net sales of $1.04 billion during the second quarter that ended June 29, 2024, and its gross profit came in at $320.28 million. Net earnings attributable to VMI and EPS amounted to $99.72 million and $4.91, indicating growth of 11.6% and 16.6% from the prior year's quarter, respectively.
The company raised its 2024 full-year financial outlook for earnings per share. It now expects its EPS to range from $16.50 to $17.30, compared to the prior range of $15.40 to $16.40.
Analysts expect VMI's revenue for the fourth quarter (ending December 2024) to increase marginally year-over-year to $1.02 billion, and its EPS is expected to grow 15.9% year-over-year to $3.69. Moreover, the company has topped the consensus EPS estimates in each of the trailing four quarters, which is impressive.
VMI's stock has gained 30.3% over the past six months and 19.3% over the past year to close the last trading session at $284.87.
VMI's POWR Ratings reflect its rosy outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Momentum and a B grade for Growth and Sentiment. Within the Industrial - Metals industry, VMI is ranked #2 among 28 stocks.
<a href="https://stocknews.com/stock/VMI/">Click here</a> to access additional ratings of VMI for Quality, Stability, and Value.
What To Do Next?
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<hr />
ESAB shares were trading at $106.94 per share on Thursday afternoon, up $1.75 (+1.66%). Year-to-date, ESAB has gained 23.63%, versus a 21.52% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/esab-vmi-rock-3-materials-stocks-ready-to-surge-amid-commodity-boom/>3 Materials Stocks Ready to Surge Amid Commodity Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Materials Stocks Ready to Surge Amid Commodity Boom

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Valmont Industries, Inc. Announces First Quarter 2024 Earnings Call

Valmont Reports First Quarter 2024 Results and Raises Full-Year 2024 Guidance

Valmont Board Declares Quarterly Dividend

Valmont to Participate in June Investor Conferences

Valmont Releases 2024 Sustainability Report

Valmont Industries, Inc. Announces Second Quarter 2024 Earnings Call

Valmont Reports Second Quarter 2024 Results and Raises Full-Year 2024 Diluted Earnings per Share Guidance

Valmont Appoints Thomas Liguori as Chief Financial Officer

Valmont Industries, Inc. Announces Third Quarter 2024 Earnings Call

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